AI-Driven Job Cuts: 41% of Companies Plan Workforce Reductions by 2030

A World Economic Forum report reveals that 41% of companies globally intend to reduce their workforce by 2030 due to AI-driven automation. While many companies plan to reskill their existing employees, unlike previous reports, this one doesn't predict a net positive job creation from AI. Jobs like postal clerks, executive secretaries, and payroll clerks are projected to decline rapidly, while demand for AI-related skills skyrockets. Although the report highlights AI's potential to augment human skills, some tech firms have already laid off employees due to AI, signaling a significant transformation of the future labor market.